Orange, CA 92866 2032 E Stearns Avenue
$1,295,000
12 more
Presented By: Pat Swanson with Pat Swanson; 213-864-2862
- MLS# OC25090481
- 04/24/2025
Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.
Beds • 5
Baths • 4
SQFT • 2,163
Garage • 4
Home Details
Excellent Investment opportunity found in the highly desirable residential rental community of Orange, CA.
Desirable Unit Mix which includes one (1) 3BD/2BA and one (1) 2BD/2BA unit.
Proximity to the City's local amenities and educational institutions, including Downtown Orange and Chapman University (2.4 miles).
Attached Garages with Direct Access to each unit and private backyard space as well.
Residential Financing Available for 1-4 unit properties.
Proximity to major transportations routes, including the 22 and 55 freeways.
Potential for a “House-Hacking” investment; I.E. live in one unit and rent out the other.
Presented By: Pat Swanson with Pat Swanson; 213-864-2862
Interior Features for 2032 E Stearns Avenue
Other Interior Features
Air Conditioning Y/NNo
Basement (Y/N)No
Common WallsOneCommonWall, NoOneAbove, NoOneBelow
Fireplace Y/NNo
Heating Y/NNo
Laundry FeaturesWasherHookup
Total Stories1
Other Rooms
Entry Level1
General for 2032 E Stearns Avenue
Additional Parcels Y/NNo
Attached Garage No
Building Area UnitsSquareFeet
Cap Rate3.39
Carport Y/NNo
CityOrange
Community FeaturesSuburban
CountyOrange
DirectionsFound at the corner of S Tustin St and E Fairhaven Ave
Electric Expense1200.0
Electric On Property Y/NNo
Entry LocationRINC
Expected Active Date 2025-04-25
Garage Spaces4.0
Garage Y/NYes
Gross Income70200.0
HOANo
Home Warranty Y/NNo
Insurance Expense3245.0
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsOne
Listing TermsCashToNewLoan, Conventional, Exchange1031, FHA, VaLoan
Lot Size Square Feet7841.0
Lot Size UnitsSquareFeet
MLS Area72 - Orange & Garden Grove, E of Harbor, N of 22 F
MaintenanceExpense1500.0
MobileHomeRemainsYNNo
Net Operating Income43961.0
New ConstructionNo
Number Of Units Total2
Number of Units Leased2
Operating Expense24133.0
Pool FeaturesNone
PossessionCloseOfEscrow
Property Attached Y/NYes
Property Sub Type AdditionalDuplex
Property SubtypeDuplex
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
SewerNone
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories1
Tax Lot9
Taxes$14,238
Tenant PaysAllUtilities
Total Actual Rent5850.0
Trash Expense0.0
UtilitiesSewerNotAvailable
Year Built1975
Year Built SourceAssessor
Exterior for 2032 E Stearns Avenue
Building Area Total2163.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesTwoToFiveUnitsAcre, CornerLot
Lot Size Acres0.18
Lot Size Area7841.0
Lot Size SourceAssessor
Number of Buildings1
Number of Separate Electric Meters2
Number of Separate Gas Meters2
Number of Separate Water Meters2
Open Parking Y/NNo
Parking FeaturesAssigned, DoorMulti, Garage
Private PoolNo
SpaNo
Total Parking4.0
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Hal Schlegel
Broker Associate